Business & Economy

Inland Empire's MVP RV's assets going on the auction block

Later this month, what’s left of a big Inland Empire RV maker will go on the auction block. MVP RV was once a powerhouse in the industry, but now the company is caught in a dispute between its wealthy investors.

But late last year MVP ceased operation, and the company now owes creditors nearly $40 million. Its current assets are valued at about half that.

Chung has been fighting a group of investors over control of the firm — investors who want to shut down the company entirely and put MVP’s two Moreno Valley buildings on the block, in addition to about one-and-a-half million square feet of land, some industrial equipment and other inventory.

Interested buyers can get a preview on April 17 at MVP headquarters in Jurupa Valley. The auction is set for April 19.